BITCOIN AT 80,000 USD: IS SMART MONEY EXITING OR PREPARING FOR THE NEXT RUN?
Bitcoin $BTC is under selling pressure once again. As of October 24, BTC is trading around 80,700 USD, while Ethereum $ETH is trading in the range of 2,370 USD. The market is volatile amid equity index weakness and declining institutional demand.
US spot Bitcoin ETFs lost approximately 635.6 million USD in a single day. Another 110.6 million USD was withdrawn from Ethereum ETFs. This compounds the pressure on the largest cryptocurrencies.
Over the preceding three trading days, Bitcoin ETFs attracted over 1 billion USD. This indicates that institutional demand has not completely vanished - the situation remains mixed.
#BuyTheDip #dump #bitcoin
Bitcoin $BTC is under selling pressure once again. As of October 24, BTC is trading around 80,700 USD, while Ethereum $ETH is trading in the range of 2,370 USD. The market is volatile amid equity index weakness and declining institutional demand.
US spot Bitcoin ETFs lost approximately 635.6 million USD in a single day. Another 110.6 million USD was withdrawn from Ethereum ETFs. This compounds the pressure on the largest cryptocurrencies.
Over the preceding three trading days, Bitcoin ETFs attracted over 1 billion USD. This indicates that institutional demand has not completely vanished - the situation remains mixed.
#BuyTheDip #dump #bitcoin